Shree Cement Ltd highest bidder for Datima Coal Mine Block

Shree Cement Limited has emerged as the highest bidder for Datima Coal Mine Block, located in Surajpur Tehsil in Surguja District of State of Chattisgarh under 15th Tranche of Auction of coal block conducted by Ministry of Coal, Govt. of India on 27th Feb 2023. The mine has geological reserves of 13.30 million tonnes. The official confirmation from Govt. of Chhattisgarh declaring Shree Cement as the winner of the above deposit is awaited.

Company has participated in the coal block auction with an intent of creating fuel security through long term fuel supply sourcing options for its operations while having flexibility to use the coal for other commercial purposes as well.

Shares of SHREE CEMENT LIMITED was last trading in BSE at Rs. 26112.20 as compared to the previous close of Rs. 25766.15. The total number of shares traded during the day was 1469 in over 818 trades.

The stock hit an intraday high of Rs. 26230.70 and intraday low of 25649.00. The net turnover during the day was Rs. 38115937.00.

Source : Equity Bulls

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